Finix, a San Francisco, CA-based payments technology company for software platforms, raised $30M in funding.
The round brought total funding to $133M. Backers included The General Partnership (TheGP), Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, and Vamos Ventures.
Led by Richie Serna, Finix provides payments technology to software platforms such as Lightspeed POS Inc., Passport, and Kabbage from American Express.
The company recently became a registered payment facilitator to support software platforms of all sizes—from $0 to over $1B+ in total payments volume, expanded its suite of in-person payment devices and capabilities, launched many features that help software platforms manage payment operations while increasing revenue and decreasing costs, powered billions of dollars in total annual payments volume on its platform, doubled total annual payments volume from 2020 to 2021, grew to support over 12,000 active sub-merchants each month, and handled billions of API calls with 99.999% uptime. Finiz, which also has an additional office in Chicago, plans to announce more features to help software platforms manage their payments and merchants.
FinSMEs
10/08/2022